CryptoLogic subsidiary secures exclusive 'Bejeweled' license E-gaming software leader to bring slot-version of popular game to the Internet for the first time TORONTO, May 9 /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading software developer to the global Internet gaming market, announced today that its subsidiary, WagerLogic Limited, has signed an exclusive five-year agreement for the Internet rights to the slot version of Bejeweled - a wildly popular game with online players. WagerLogic will be the first and only gaming provider to bring a play-for-real, 10-line slot variation of this globally renowned, fast-paced gem-matching game to the Internet as part of a new version of its casino software targeted for release this autumn. "Bejeweled is loved by players worldwide - and now it's one of the many gems in CryptoLogic's growing suite of exciting online casino games," said Lewis Rose, CryptoLogic's President and CEO. "As the first and only gaming developer to offer this exceptionally popular game in a play-for-real, slot version for the Internet, CryptoLogic is again providing our customers with market-tested products that deliver great entertainment to their players." Bejeweled, called "the best puzzle game since Tetris," is the creation and flagship product of PopCap Games. According to the company, more than 50 million people have played Bejeweled since it was released in 2000, and it has sold over a million units across multiple channels, while garnering multiple Game of the Year and Hall of Fame awards. Bejeweled continues to be one of the most popular titles on AOL, MSN, and Yahoo! and with cell phone customers of Cingular, Sprint, and Verizon. "New product innovation is a key growth driver in the online casino market, and WagerLogic is excited to add the highly popular Bejeweled game to our expanding slot portfolio," added A.J. Slivinski, WagerLogic's Managing Director. CryptoLogic is strengthening its market leadership in the estimated $12 billion global online gaming industry by developing an expanding range of market-targeted products for the major online casino and poker markets, increasing system capacity to accommodate rapid growth and player demand, and working with many of the world's most trusted gaming brands. About CryptoLogic(R) (http://www.cryptologic.com/) Focused on integrity and innovation, CryptoLogic Inc. is the world's largest public online gaming software developer and supplier. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to an internationally- recognized blue chip customer base worldwide. For information on WagerLogic(R), visit http://www.wagerlogic.com/. CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY), on the Nasdaq National Market (symbol: CRYP), and on the Main Market of the London Stock Exchange (symbol: CRP). CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER: Statements in this press release which are not historical are forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. DATASOURCE: CryptoLogic Inc. CONTACT: CryptoLogic, (416) 545-1455, Nancy Chan-Palmateer, Director of Communications; Argyle Rowland Communications, (416) 968-7311 (media only), Karen Passmore, ext. 228, , Dan Tisch, ext. 223,

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